Realm

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Initially offered $200,000 annually at FTX, Bankman sought $1 million, even involving SBF’s mother in the negotiations.</p> 
 <p>A new court filing reveals that Sam Bankman-Fried’s (SBF) <a rel="noopener noreferrer nofollow" title="father" href="https://thebittimes.com/tag/father.html">father</a> was <a rel="noopener noreferrer nofollow" title="unhappy" href="https://thebittimes.com/tag/unhappy.html">unhappy</a> with his <a rel="noopener noreferrer nofollow" title="salary" href="https://thebittimes.com/tag/salary.html">salary</a> at FTX, so he dragged SBF’s mother into the discussion to “enrich themselves.”</p> 
 <p>Per the court filing, Joseph Bankman had an initial <a rel="noopener noreferrer nofollow" title="salary" href="https://thebittimes.com/tag/salary.html">salary</a> of $200,000 yearly at FTX before the collapse. Still, he desired a $1 million annual compensation for his involvement in the company.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> FTX sues SBF’s parents over misappropriating ‘millions’ of dollars 
 </div> 
 <p>Moreover, Bankman pulled Barbara Fried, SBF’s mother, into the discussion to get the desired salary.&nbsp;</p> 
 <blockquote class="wp-block-quote"> 
  <p>“Gee, Sam I don’t know what to say here. This is the first [I] have heard of the 200K a year <a rel="noopener noreferrer nofollow" title="salary" href="https://thebittimes.com/tag/salary.html">salary</a>! Putting Barbara on this.”</p> <cite>Bankman told SBF, per the court filing.</cite> 
 </blockquote> 
 <p>According to the recent filing, SBF soon gifted $10 million from funds generated from FTX’s hedge fund, Alameda Research Ltd. In addition, the disgraced CEO “deeded a $16.4 million property in The Bahamas, ” reportedly purchased with FTX Trading money.</p> 
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
  <div class="wp-block-embed__wrapper"> 
   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/EkNxO6iUsbc" data-id="EkNxO6iUsbc" data-query="feature=oembed"></div> 
   <noscript> <iframe title="FTX sues Sam Bankman-Fried’s parents to claw back alleged misappropriated funds: CNBC Crypto World" width="1020" height="574" src="https://www.youtube.com/embed/EkNxO6iUsbc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
   </noscript> 
  </div> 
 </figure> 
 <p>Notably, Bankman has assisted FTX regarding the tax filings since he had “decades” of experience in the field and was offered to buy over one million shares of FTX Trading and 4.5 million shares of West Realm Shires, Inc. (WRS).&nbsp;</p> 
 <p>The recent filing adds to FTX’s lawsuit against SBF’s parents, both professors at Stanford Law School, for diverting and manipulating “millions” of dollars and influencing the political donations through Fried’s political action committee, Mind the Gap (MTG).</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Stanford University to return millions received from FTX 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sbf-s-father-was-unhappy-with-200k-salary-at-ftx-tbt63338.html">https://thebittimes.com/sbf-s-father-was-unhappy-with-200k-salary-at-ftx-tbt63338.html</a></p>

SBF’s father was unhappy with $200k salary at FTX

TheBitTimes

Other articles published on Sep 20, 2023

Altcoin Rally : Analyst Predicts Major Alt-Season in Q4 Reaching $1.4 Trillion Market Cap

October May Show Bitcoin’s Real Potential: Top Analysis Firm Forecasts A Soaring $37K By Year-End

Why XRP Could Be the New Bitcoin: Experts’ insights

Paysafe pulls support for Binance users ahead of deadline

Discord Crypto Trading Bot to Shut Down Due to ‘Critical Exploits’

Cardano price: ADA poised as bears stay put

Join our free newsletter for daily crypto updates!